Board Changes

Further to the announcement on 24 February 2016, the Company confirms that Andrea Abt and George J. Pierson join the Company today as independent Non-executive Directors, following approval by shareholders at the Annual General Meeting.

Andrea, spent her executive career with Siemens AG, the largest engineering company in Europe, where she held a range of leadership positions, most latterly as Head of Supply Chain Management and Chief Procurement Officer, Infrastructure & Cities. She has an extensive background in a variety of functional roles, including sales, finance, procurement and logistics. She is a non-executive director of Brammer Plc and SIG plc, and is a member of the supervisory board of Gerresheimer AG.

George is the former CEO of Parsons Brinckerhoff, the American multinational design and engineering firm. He is a qualified lawyer and engineer, with a strong background in risk management, contracting, construction law, compliance and cost efficiency. He is a non-executive director of WSP Global Inc, Terracon Consultants, Inc. and Railworks LLC, and is President of The Pierson Advisory Group.

Rijnhard van Tets, Petrofac's Chairman, commented: "It gives me great pleasure to welcome Andrea and George to Petrofac. I believe it is essential that our Board continues to be refreshed to maintain a well-balanced and multi-disciplinary forum and I have no doubt that both Andrea and George, with their considerable experience, will each make strong individual contributions. We look forward to working with them."

Committee changes

As a result of the above-noted changes, the Board committees are comprised as follows with immediate effect:

Nominations Committee: Rijnhard van Tets (Chairman), Andrea Abt, Ayman Asfari, Thomas Thune Andersen, Matthias Bichsel, Kathleen Hogenson, René Médori and George Pierson

Audit Committee: René Médori (Chairman), Thomas Thune Andersen, Matthias Bichsel, Kathleen Hogenson and George Pierson

Remuneration Committee: Thomas Thune Andersen (Chairman), Andrea Abt, Matthias Bichsel and Kathleen Hogenson

There are no additional disclosures in respect of paragraph 9.6.13 (1) to (6) of the FCA Listing Rules.